🔃Token Swaps

CakeDaoSwap is an Automated Market Maker (AMM), built on the Core Chain that maintains the same and tested and true liquidity protection mechanism that is important for investors. The CakeDaoSwap offers several features that support decentralized swapping:

Swapping

CakeDaoSwap lets users swap without the need to go through a Centralized Exchange. Everything you do on CakeDaoSwap p is routed directly through your own wallet—no need to trust someone else with your coins!

Liquidity Pools

You can only swap tokens on CakeDaoSwap if there is enough liquidity for those tokens. If nobody has added much liquidity for the token or tokens you want to swap, it will be difficult, expensive, or impossible to do so.

Providing liquidity will get you LP Tokens, which will earn you rewards in the form of trading fees for making sure there's always liquidity for the exchange to use.

Yield Farming

Yield farming lets users that are providing liquidity earn CakeDao (CDAO) rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of impermanent loss that comes along with locking in your liquidity.